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Home My WebLink About1988-02-23; City Council; 9304; Proposition A Sales Tax1988 Five Year Regional Transportation Improvement Plan Public HearingCIT OF CARLSBAD - AGENDA-BILL MTQ. 2/23/88 DEPT. ENG HUB PROPOSITION A (SALES TAX) 1988 FIVE- YEAR REGIONAL TRANSPORTATION IMPROVEMENT PROGRAM (HJBLIC HEARING) Ocra.a. zO Oz3 OO RECOMMENDED ACTION: Adopt Resolution No.approving the use of Proposition A sales tax money for the construction of approvement to the Palomar Airport Road and La Costa Avenue interchanges on Interstate 5 and including them and the Poinsettia Lane/Interstate 5 interchange in the Regional Transportation Improvement Program (RTIP) . TTEM EXPLANATION: Proposition A requires that each local agency hold a public hearing prior to the approval of any projects which will use Proposition A sales tax money. SANDAG requires that such projects be included in the RTIP and that submittals be sent to them not later than March 1, 1988. Staff recommends that the following projects be included in the first five-year request. 1. Palomar Airport Road/I-5 Interchange 2. La Oosta Avenue/I-5 Interchange $ 4,280,000 $ 4,300,000 Although Council has previously approved a Bridge and Thoroughfare Benefit District which will raise the money for these projects by buildout of the City, that funding is not yet available. The 1987-88 Capital Improvement Program has projected that over the next five years, revenue from Bridge and Thoroughfare fees will total $4,110,000 including $1,350,000 already collected. The two projects are estimated to cost $8,640,000 or $4,530,000 short. The estimated revenue from Proposition A funds over the next five years is $4,730,000 which will just cover the additional amount required. Staff is proposing that the Proposition A funds received in the next five years be committed to these two projects as a loan. This money will be paid back in future years as the Bridge and Thoroughfare fees continue to be collected. Once paid back this Proposition A money will be available for other projects. The third 1-5 Interchange in the Bridge and Thoroughfare district is at Poinsettia Lane. Staff recommends that this project be included in the five-year RTIP, but with no funding from Proposition A. It is anticipated that a separate financing program will be developed for this interchange. FISCAL IMPACT: The Bridge and Thoroughfare Benefit District was formed to generate sufficient funds to improve the three interchanges. However, since the funds will be collected over a 30 to 40 year period to buildout, it was anticipated that other funding - such as a loan or assessment district- would be required to provide the cash flow to construct the improvements early. P3GE 2 OF AGENDA HELL Approval of Proposition A funds for the two interchanges means that no mone1 from this source will be available for other projects for the first five years. However, SANDftG will shortly begin a study of the possibility of selling bonds. This would make more money available early to be paid off with future Proposition A sales taxes. Location Map. Resolution No. off* ^o approving the use of Proposition A sales tax money for the construction of inprovements to the Palomar Airport Road and La Costa Avenue iiitercnanges on Interstate 5 and including them and the Poinsettia lane/Interstate 5 interchange in the Regional Transportation Improvement Program. (RTTP/Proposition A - Project Information Form Attached.) LOCATION MAP VTCgffTYMAP NTs! "~ PROJECT NAME CITY/CALTRANS 1-5 OVERPASSES . WO.EXHIBIT 1 «*«*»». RESOLUTION NO. 88-48 9 A RESOLUTION OF TOE CITY COUNCIL OF THE CITY OF 19 20 21 22 23 24 25 26 27 28 CARLSBAD, CALIFORNIA APPROVING THE USE OF PROPOSITION A SALES TAX MONEY FOR THE CONSTRUCTION OF CERTAIN INTERCHANGE IMPROVEMENTS AND APPROVING PROJECTS FOR THE 1988 REGIONAL TRANSPORTATION c IMPROVEMENT PROGRAM. I WHEREAS, the City Council of the City of Carlsbad determines it is 7 necessary, desirable and in the public interest to construct improvements to Q interchanges on Interstate 5 at Palomar Airport Road, La Costa Avenue and 9 Poinsettia Lane; and WHEREAS, funding from the Bridge and Thoroughfare Benefit District will be received over a long period of time and Council wishes to accelerate the 12 construction of these interchange improvements; and 13 WHEREAS, the City Council desires to use Proposition A sales tax funds 14 on a temporary basis for the construction of improvements located at the 15 Paloroar Airport Road and la Costa Avenue interchanges with Interstate 5, said 16 funds to be repaid from future Bridge and Thoroughfare fees; 17 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of 18 Carlsbad, California as follows: 1. That the above recitations are true and correct. 2. That on February 16, 1988 a noticed public hearing on this matter was held and testimony from the public heard. 3. That the City Council hereby approves the use of Proposition A sales tax funds generated over the fiscal years 1989 through 1993 to be loaned for the improvement of the Interstate 5 interchanges at Palomar Airport Road and the La Costa Avenue to be repaid from future fees collected from the Bridge and Thoroughfare Benefit District. 4. That the City Council also hereby approves the inclusion of the Interstate 5 interchanges at Palomar Airport Road, La Costa Avenue and Poinsettia Lane in the 1988 Regional transportation Improvement Program (RTIP) as shown on Table 1, Exhibit A attached hereto and made a part hereof. 5. That the City Council hereby requests that the SANDAG Board 4 approve the Proposition A funding and the project list and include them in the Regional Transportation Improvement Program (RTIP) as shown on Table 1. 6 6. That the City Council supports the concept of a bond sale and 7 encourage SANDAG to approve the sale of bonds in order to accelerate Proposition A projects. 9 10 11 12 13 14 15 16 17 1ft PASSED, APPROVED AND ADOPTED at a regular meeting of Council held on the 23rd dav of February .1988 bv the wit: the Carlsbad City following vote, to . AYES: Council Members Lewis, Kulchin, Pettine, Mamaux and Larson NOES: None ... /' -• None fl / / /f /^ABSEOT: °ne r 4/ty'? /t*' £'S< CLAUDE A. LEWIS, Mayor ATTEST: '~C<? ALETflA. L. RAUIQKRANZ, C£tyClerk\ 19 (SEAL) 20 21 22 23 24 25 26 27 28 CCau. r.&.o u *" c03 OC.•J CL O I- li c •'!0. t I J-x Xo. m1-4»- -oae o a ua. u — . n boo<rv +,oou u o'u CL •oCl a••4au ui jti 3 g i(ii « i *c^ii j * 1 CIa 9VC (e^ ra v.u a1) 01 tl a •H U2. v~taua ^ aau OL Hi a+j </l «4n ^Hi•oHIu. J t- : «. ini ra a. a01 •H C It i —: JC> U1 0 la.' Xi.f- 4 i •« 1 C; 0 4 -H * •5u0 '- XK UJ -•: uj ar -Hc ua. <n —OQ 31 0 0oo oin h» M . a ooo oin r* m 111 U - Min 0. '2 U5 i Palomar Airport Road/lntersti interchange. Widen bridge,i and roadway approaches; in!i traffic signals at ramps.• •" O (N O O r- in10 t» CO a o»- inic r» m 01 U -. Ma in 1U i La Costa Avenue/ Interstatei interchange. Widen bridge,i and roadway approaches; in!traffic signals at ramps.• <N — m 01 ffl o o;» INvo in%po e oa- CNic in ro UlU - i-l £ « i i Poinsettia Lane/ Interstate 5i change. Widen bridge, ram|i roadway approaches; install•ro IAa nu ra J£13 '35 —< a:m C llO T3•H 8'w U. U a ine <O a. U —XU ua•o - OX Un c. O -< a a••4 U CE Oi~ -o ce u. .. .. eo 013 a.c < -< U. Oc— -.eo c <r>-< n CQa. .a 01 u —>-a. c -< ca— •< -^uOr -. ff> 0> IB OSC U i_ 0, 03 O< tJ 03c «i <TIu u. —•— >•u.u .. 01•o •••• c uli 3 mn u. iiia >>^ -Mc. n -.w nA: «i Uu -3 oC Si —> u. u. (J?